Chase bank is being sued for a foreclosure, but not in the way many would expect. A wrongful death lawsuit has been filed against the bank after a male had cardiac arrest after foreclosure. The lawsuit contends Chase brought on the death of Harry Engel by heart attack in 2010.
Severe heart attack takes place
Seventy-nine year old Harry Engel's family told the news that they had lived in the same house for 22 years. Then, JPMorgan Chase forced them out in foreclosure proceedings. Shortly thereafter, in July 2010, he suffered cardiac arrest, according to KHOU. His family blames the bank for his condition.
The local Chase branch advised the Engel family that they had to miss a payment before they could qualify for the Department of the Treasury's Making Home Affordable Program, and they did so. They were looking to lower their rate because they were on a fixed income and hear they could save some money that way.
The bank started to send late fees and updates, and he got a notice of foreclosure. Then, he got a notice of eviction and had the heart attack. Apparently the bank started the program and cancelled their enrollment in it.
Widow sues
His wife, Wando Jo Engel, is suing Chase, according to the Huffington Post, in a wrongful death suit. The Engel family was among a number of people who had been given comparable instructions. They were told to miss at least one payment to qualify for a troubled mortgage refinance, only to fall into foreclosure after the bank chose to not follow through. Chase hadn't filed foreclosure proceedings yet, but was in the early stages.
The U.S. Senate Banking committee hearings in 2010 talked about this, called "servicer-led foreclosure," according to the Washington post. It was part of the enormous suit the government did against the five largest mortgage lenders in the nation for "robosigning" and other practices which were not allowed. The mortgage lenders settled for $25 billion earlier this year, according to the LA Times.
The Engel family is not the only family to experience a servicer-led foreclosure that went awry this year. According to the Huffington Post, B of A similarly told Pamela Flores of Georgia the same, only for the modification to fall apart and for Flores to be foreclosed on.
Some foreclosure suicides
Apart from the financial toll that foreclosures enforce, numerous individuals have crumbled from the mental anguish, leading to numerous "foreclosures suicides." Some of the first instances were noticed in 2008, according to USA Today. During that year, suicide hotlines began noting an increased number of calls from distressed homeowners who were having issues with their loans. At least two have been recorded this year, according to the Huffington Post, one in May in California and a murder-suicide in Ohio in March.
Severe heart attack takes place
Seventy-nine year old Harry Engel's family told the news that they had lived in the same house for 22 years. Then, JPMorgan Chase forced them out in foreclosure proceedings. Shortly thereafter, in July 2010, he suffered cardiac arrest, according to KHOU. His family blames the bank for his condition.
The local Chase branch advised the Engel family that they had to miss a payment before they could qualify for the Department of the Treasury's Making Home Affordable Program, and they did so. They were looking to lower their rate because they were on a fixed income and hear they could save some money that way.
The bank started to send late fees and updates, and he got a notice of foreclosure. Then, he got a notice of eviction and had the heart attack. Apparently the bank started the program and cancelled their enrollment in it.
Widow sues
His wife, Wando Jo Engel, is suing Chase, according to the Huffington Post, in a wrongful death suit. The Engel family was among a number of people who had been given comparable instructions. They were told to miss at least one payment to qualify for a troubled mortgage refinance, only to fall into foreclosure after the bank chose to not follow through. Chase hadn't filed foreclosure proceedings yet, but was in the early stages.
The U.S. Senate Banking committee hearings in 2010 talked about this, called "servicer-led foreclosure," according to the Washington post. It was part of the enormous suit the government did against the five largest mortgage lenders in the nation for "robosigning" and other practices which were not allowed. The mortgage lenders settled for $25 billion earlier this year, according to the LA Times.
The Engel family is not the only family to experience a servicer-led foreclosure that went awry this year. According to the Huffington Post, B of A similarly told Pamela Flores of Georgia the same, only for the modification to fall apart and for Flores to be foreclosed on.
Some foreclosure suicides
Apart from the financial toll that foreclosures enforce, numerous individuals have crumbled from the mental anguish, leading to numerous "foreclosures suicides." Some of the first instances were noticed in 2008, according to USA Today. During that year, suicide hotlines began noting an increased number of calls from distressed homeowners who were having issues with their loans. At least two have been recorded this year, according to the Huffington Post, one in May in California and a murder-suicide in Ohio in March.
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